Section 15Sec./Art. 15

The Corporate Audit Office. The Corporate Audit Office shall perform the following functions:

1. Formulate and develop plans, programs, operating standards, and administrative techniques for the implementation of auditing rules and regulations in government-owned or controlled corporations and self-governing boards, commissions, or agencies of the government, as well as for the conduct of audit of financial operations of public utilities and franchises;

2. Formulate accounting rules and regulations for government-owned or controlled corporations and self-governing boards, commissions, or agencies of the government;

3. Advise and assist the Chairman on matters pertaining to the audit of government-owned or controlled corporations and self-governing boards, commissions, or agencies of the government; and

4. Consolidate the corporate audit reports from all the regions for inclusion in the annual report of the Commission.